5 Ways to Save More Money This Spring

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If you are planning to grow your money and increase your financial wealth, there are different steps to take to get you there. One thing you should be doing is saving money. To help you reach your financial goals, here are some ways you can start saving more money this spring:

Spend less

If you take a look at Mint’s inflation impact calculator, you’ll have a chance to see how your money may be better going unspent. With the cost of living getting higher than ever in many places, consider buying less this spring, so you can save more money. We hope that prices stop rising, but in the meantime take a look at those extras you may be spending money on and consider cutting them out for now.

Use cash for weekly expenses

To help you avoid pulling out your debit card and spending at every turn, consider the option of pulling out a designated amount of cash every week and do your best not to go over it. It’s easy to spend without thinking when you know you have plenty of money in your account, but that also makes it that much easier for that money to disappear. Instead, think about the essentials you spend money on every week, such as groceries, travel costs, and more, and add a little bit of extra fun money into the mix as well.

Then, pull it out of your account and keep the cash in your wallet. While some weeks may bring financial emergencies where you would need more, this habit can help you know how much you have for spending every week, so you avoid going overboard.

Go through your closet

While we may love the idea of changing our wardrobe for spring, this could be a way to spend more than you’d like. Instead, consider going through your closet and taking a look at items you may have forgotten you even had.

Also, you may want to think about selling old items that you no longer use at online consignment shops like Swap.com, so if you do want to buy some new items, you’re doing so with money made from old clothes.

Consider where you buy food

Some grocery stores have a name brand attached to them that may have appealed to you because that’s where everyone shopped. However, if you’re all about saving money this spring, do you really need to be spending at these places? Instead of ordering on Uber Eats or visiting restaurants every week, set aside one day a week for a meal out or for a food delivery app night in. The rest of the week, get coupons from LOZO for your groceries.

Create a budget

At the end of the day, the best way to save money is to understand your money. To do this, you need to have a budget. A budgeting app is one of the best ways to keep track of your money, but there are other methods to try as well. If your income is set, this makes it easier.

But, even if it’s not, having an estimate on how much you make every month, determining how much is needed for main bills, where you can have flexibility in spending, and how much you should be saving can help you make huge financial gains. If you don’t have a budget yet, now’s the time to get started.

In Conclusion

Spring is a great time to start making big money gains by saving your money. It may start with one small change in your life, or it could mean making big changes. Either way, take a look at your spending and how you’re using your money right now. If you see you can make changes for a future of investing in crypto or real estate, then consider doing so! Your future self will thank you!